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Agreement provides multiple benefits including Corporate governance enhancements and operating cost savings

VICTOR, N.Y., June 30, 2022 (GLOBE NEWSWIRE) — Constellation Brands (NYSE: STZ and STZ.B), a leading beverage alcohol company, announced today that following the recommendation of a special committee comprised solely of independent directors, its Board of Directors has approved, and will recommend to shareholders for approval, a proposal to eliminate the company’s Class B common stock. The proposed transaction contemplates that each outstanding share of the company’s Class B common stock, including those owned by the Sands Family, will be converted into the right to receive one share of Class A common stock plus cash consideration in the amount of $64.64 per share of Class B common stock, or a total amount of $1.5 billion. This represents a 26.5% premium relative to Constellation’s Class A common stock closing share price as of June 29, 2022.

The Company expects to realize a number of corporate governance and other benefits from the proposed reclassification, including:

• the elimination of the higher vote Class B common stock, including the associated voting control of the Sands Family, and a reduction in the concentration of voting power
• simplification of the Company’s equity capital structure to better align the voting rights and interests of all shareholders
• broader appeal of its shares to a larger base of investors who prefer single voting class common stock structures
• operating cost savings associated with executive salary and certain benefits ($15-20 million of cost in fiscal 2022), as well as administrative savings from maintaining the Class B common stock
• rotation of the lead independent director position on the Board at the next available normal cycle opportunity
• shift to majority voting in uncontested elections from current plurality standard for its Board of Directors and adoption of a Board anti-pledging policy

In addition, upon completion of the reclassification, Robert and Richard Sands, who currently serve as Executive Chairman of the Board and Executive Vice Chairman of the Board, respectively, will retire from their employment with Constellation Brands in their current executive capacities. Robert Sands will become Non-Executive Chairman of the Board and Richard Sands will continue on as a Board member. It is expected that the Sands Family will continue to be Constellation’s largest shareholder following completion of the reclassification. Following the reclassification, the Sands Family will be subject to customary standstill provisions.

“After an extensive review and analysis by a Special Committee of the Constellation Brands Board of Directors, including input from an independent financial advisor and legal counsel, the Board agreed it is in the best interests of the Company and all Constellation shareholders, to eliminate the Class B common stock,” said Bill Newlands, Constellation’s President and CEO. “The proposed share reclassification will strengthen the Company’s corporate governance profile by aligning voting rights with the economic interests of all shareholders. In addition, the Company’s simplified capital structure will provide a solid foundation as the Company continues to pursue its strategic growth initiatives and capital allocation priorities to build shareholder value.”

This reclassification will not be put to a vote at the upcoming 2022 Annual Meeting of Shareholders. Instead, the Company will be seeking shareholder approval of the reclassification at a Special Meeting of Shareholders, to be held following effectiveness of a registration statement to be filed with the Securities and Exchange Commission. The reclassification is subject to the approval of a majority of the outstanding shares of Class A and Class B common stock, voting together as a single class, a majority of the outstanding shares of Class B common stock, and a majority of the issued and outstanding shares of Class A common stock not held by the Sands Family, executive officers of Constellation or directors that hold Class B common stock.

A complete description of the reclassification will be included in the proxy statement for the Special Meeting. The Company will announce details of the Special Meeting as soon as it is determined.

Centerview Partners LLC served as financial advisor and Potter Anderson & Corroon LLP served as legal counsel to the Special Committee of the Constellation Board of Directors. Greenhill & Co served as financial advisor and Wachtell, Lipton, Rosen & Katz served as legal counsel to the Sands Family. Kirkland & Ellis LLP served as legal counsel to Constellation.

ABOUT CONSTELLATION BRANDS
At Constellation Brands (NYSE: STZ and STZ.B), our mission is to build brands that people love because we believe sharing a toast, unwinding after a day, celebrating milestones, and helping people connect, are Worth Reaching For. It’s worth our dedication, hard work, and the bold calculated risks we take to deliver more for our consumers, trade partners, shareholders, and communities in which we live and work. It’s what has made us one of the fastest-growing large CPG companies in the U.S. at retail, and it drives our pursuit to deliver what’s next.

Today, we are a leading international producer and marketer of beer, wine, and spirits with operations in the U.S., Mexico, New Zealand, and Italy. Every day, people reach for our high-end, iconic imported beer brands such as Corona Extra, Corona Light, Corona Premier, Modelo Especial, Modelo Negra, and Pacifico, our fine wine and craft spirits brands, including The Prisoner Wine Company, Robert Mondavi Winery, Casa Noble Tequila, and High West Whiskey, and our premium wine brands such as Meiomi, and Kim Crawford.

But we won’t stop here. Our visionary leadership team and passionate employees from barrel room to boardroom are reaching for the next level, to explore the boundaries of the beverage alcohol industry and beyond. Join us in discovering what’s Worth Reaching For.

Important Additional Information
This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended. Constellation intends to file with the Securities and Exchange Commission (the “SEC”) a Registration Statement on Form S-4, which will contain a proxy statement/prospectus in connection with the proposed reclassification. STOCKHOLDERS OF CONSTELLATION ARE URGED TO READ THE PROXY STATEMENT/PROSPECTUS AND OTHER DOCUMENTS THAT WILL BE FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Stockholders will be able to obtain a free copy of the proxy statement/prospectus (when available), as well as other filings containing information about Constellation, without charge, at the SEC’s website, www.sec.gov, and on Constellation’s Investor Relations website at https://ir.cbrands.com.

Participants in the Solicitation
The directors and executive officers of Constellation and other persons may be considered participants in the solicitation of proxies from stockholders in connection with the proposed transaction. Information regarding Constellation’s directors and executive officers is available in Constellation’s most recent proxy statement, dated May 27, 2022, for the Annual Meeting of Stockholders to be held on July 19, 2022, which was filed with the SEC on June 2, 2022, and Constellation’s other filings with the SEC. Other information regarding the participants in the proxy solicitation and a description of their direct and indirect interests will be contained in the proxy statement/prospectus when it becomes available.

Forward-Looking Statements
This press release contains forward-looking statements. All statements other than statements of historical fact are forward-looking statements. The word “expect,” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These statements may relate to future plans and objectives of management and Constellation’s Board of Directors, as well as information concerning expected actions of third parties. All forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those set forth in, or implied by, such forward-looking statements. No assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur.

The forward-looking statements are based on management’s current expectations and should not be construed in any manner as a guarantee that such results will in fact occur. All forward-looking statements speak only as of the date of this press release and Constellation does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Statements in this press release regarding Constellation and the reclassification transaction that are forward-looking, including projections as to the anticipated benefits of the proposed transaction, the impact of the proposed transaction on Constellation’s business and future financial and operating results and capital structure following the closing of the proposed reclassification and the closing date for the proposed transaction, are based on management’s estimates, assumptions and projections, and are subject to significant uncertainties and other factors, many of which are beyond Constellation’s control. These factors include, among other things, (1) failure to receive the requisite approvals of Constellation’s shareholders necessary to achieve the reclassification; (2) any other delays with respect to, or the failure to complete, the reclassification; (3) the ultimate outcome of any litigation matter related to the reclassification, (4) the ability to recognize the anticipated benefits of the reclassification, (5) Constellation’s ability to execute successfully its strategic plans, and (6) the effect of the announcement or the consummation of the proposed reclassification on the market price of the capital stock of Constellation. The foregoing review of important factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included elsewhere. Additional information concerning risks that could cause actual future performance or events to differ from current expectations can be found in Constellation’s filings with the SEC, including the risk factors discussed in Constellation’s most recent Annual Report on Form 10-K for the fiscal year ended February 28, 2022.

To learn more, visit www.cbrands.com and follow us on Twitter, Instagram, and LinkedIn.

MEDIA CONTACTS	INVESTOR RELATIONS CONTACTS
Mike McGrew 773-251-4934 / michael.mcgrew@cbrands.com Amy Martin 585-678-7141 / amy.martin@cbrands.com	Patty Yahn-Urlaub 585-678-7483 / patty.yahn-urlaub@cbrands.com Joseph Suarez 771-551-4397 / joseph.suarez@cbrands.com

A downloadable PDF copy of this news release can be found here: http://ml.globenewswire.com/Resource/Download/d48d1261-28d3-4e5e-a0fa-ca15cb6aa9f4

VICTOR, N.Y., June 30, 2022 (GLOBE NEWSWIRE) — Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, reported today its first quarter fiscal 2023 financial results. A conference call to discuss the financial results and outlook will be hosted by President and Chief Executive Officer, Bill Newlands, and Chief Financial Officer, Garth Hankinson, on Thursday, June 30, 2022 at 10:30 a.m. EDT. Visit ir.cbrands.com to locate information for joining the conference call or a live, listen-only webcast of the conference call.

ABOUT CONSTELLATION BRANDS
At Constellation Brands (NYSE: STZ and STZ.B), our mission is to build brands that people love because we believe sharing a toast, unwinding after a day, celebrating milestones, and helping people connect, are Worth Reaching For. It’s worth our dedication, hard work, and the bold calculated risks we take to deliver more for our consumers, trade partners, shareholders, and communities in which we live and work. It’s what has made us one of the fastest-growing large CPG companies in the U.S. at retail, and it drives our pursuit to deliver what’s next.

Today, we are a leading international producer and marketer of beer, wine, and spirits with operations in the U.S., Mexico, New Zealand, and Italy. Every day, people reach for our high-end, iconic imported beer brands such as Corona Extra, Corona Light, Corona Premier, Modelo Especial, Modelo Negra, and Pacifico, our fine wine and craft spirits brands, including The Prisoner Wine Company, Robert Mondavi Winery, Casa Noble Tequila, and High West Whiskey, and our premium wine brands such as Meiomi, and Kim Crawford. But we won’t stop here. Our visionary leadership team and passionate employees from barrel room to boardroom are reaching for the next level, to explore the boundaries of the beverage alcohol industry and beyond. Join us in discovering what’s Worth Reaching For.

To learn more, follow us on Twitter @cbrands and visit www.cbrands.com.

A PDF containing our First Quarter Fiscal Year 2023 Results and full financial tables is available at: http://ml.globenewswire.com/Resource/Download/bc9fb20c-c947-482b-bda0-f501426fccc8

MEDIA CONTACTS	INVESTOR RELATIONS CONTACT
Mike McGrew 773-251-4934 / michael.mcgrew@cbrands.com Amy Martin 585-678-7141 / amy.martin@cbrands.com	Joseph Suarez 773-551-4397 / joseph.suarez@cbrands.com

With recent launches of Physical Analyzer Ultra Series and SaaS-based Cellebrite Premium, Cellebrite delivers powerful, end-to-end Collect & Review offering for digital investigations

PETAH TIKVA, Israel and TYSONS CORNER, Va., June 30, 2022 (GLOBE NEWSWIRE) — Cellebrite DI Ltd. (Nasdaq: CLBT), a global leader in Digital Intelligence (DI) solutions for the public and private sectors, today announced the general availability of the Cellebrite Physical Analyzer Ultra Series (PA Ultra Series), the next generation of PA and the de-facto industry standard for digital data examination.

PA Ultra Series is a revolutionary solution that further empowers investigators to uncover key pieces of case-relevant digital evidence and examine digital data more efficiently, to help secure more convictions, accelerate justice, and close cases faster. PA Ultra Series will significantly boost Cellebrite’s Collection & Review offerings as part of the Digital Intelligence suite of solutions.

PA Ultra Series will enable investigation teams to leverage an upgraded solution that can process a higher volume of computer, cloud, and mobile data, allow cases to be opened without the need to reparse data and support multiple cases and evidence per device with enhanced location data from a new customizable dashboard. PA Ultra will also enable data enrichment for cryptocurrency, ranging from leading blockchain data platforms to tracking transactions.

Ronnen Armon, Chief Products & Technologies Officer, said: “PA Ultra Series transforms PA’s data processing, decoding, and reporting capabilities. We are confident that our continued innovation will empower examiners and law enforcement agencies to make more efficient and insightful investigative decisions that will lead to uncovering the truth and securing more convictions.”

Additionally, after successful beta testing and showcasing the pre-release, the SaaS version of Cellebrite Premium, an industry-leading advanced access solution, is now available for customers. With the general release of PA Ultra Series and the general availability of a SaaS-based version of Cellebrite Premium, Cellebrite has built upon its position as the global leader in the Digital Intelligence market. The Company provides a complete Collection & Review technology stack to its public and private sector customers, dramatically boosting our customer’s ability to analyze data in investigations and manage this process in the cloud.

For more information on Cellebrite PA Ultra Series, please visit https://cellebrite.com/en/pa-ultra.

For more information on Cellebrite Premium-as-a-Service, please visit: https://cellebrite.com/en/premium-as-a-service/.

About Cellebrite

Cellebrite’s (Nasdaq: CLBT) mission is to enable its customers to protect and save lives, accelerate justice, and preserve privacy in communities around the world. We are a global leader in Digital Intelligence solutions for the public and private sectors, empowering organizations in mastering the complexities of legally sanctioned digital investigations by streamlining intelligence processes. Trusted by thousands of leading agencies and companies worldwide, Cellebrite’s Digital Intelligence platform and solutions transform how customers collect, review, analyze and manage data in legally sanctioned investigations. To learn more visit us at www.cellebrite.com, https://investors.cellebrite.com, or follow us on Twitter at @Cellebrite.

Caution Regarding Forward Looking Statements

This document includes “forward looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward looking statements may be identified by the use of words such as “forecast,” “intend,” “seek,” “target,” “anticipate,” “will,” “appear,” “approximate,” “foresee,” “might,” “possible,” “potential,” “believe,” “could,” “predict,” “should,” “could,” “continue,” “expect,” “estimate,” “may,” “plan,” “outlook,” “future” and “project” and other similar expressions that predict, project or indicate future events or trends or that are not statements of historical matters. Such forward-looking statements include estimated financial information. Such forward-looking statements with respect to revenues, earnings, performance, strategies, prospects, and other aspects of Cellebrite’s business are based on current expectations that are subject to risks and uncertainties. A number of factors could cause actual results or outcomes to differ materially from those indicated by such forward-looking statements. These factors include, but are not limited to: Cellebrite’s ability to keep pace with technological advances and evolving industry standards; Cellebrite’s material dependence on the acceptance of its solutions by law enforcement and government agencies; real or perceived errors, failures, defects or bugs in Cellebrite’s DI solutions; Cellebrite’s failure to maintain the productivity of sales and marketing personnel, including relating to hiring, integrating and retaining personnel; uncertainties regarding the impact of macroeconomic and/or global conditions, including COVID-19 and military actions involving Russia and Ukraine; intense competition in all of Cellebrite’s markets; the inadvertent or deliberate misuse of Cellebrite’s solutions; political and reputational factors related to Cellebrite’s business or operations; risks relating to estimates of market opportunity and forecasts of market growth; Cellebrite’s ability to properly manage its growth; risks associated with Cellebrite’s credit facilities and liquidity; Cellebrite’s reliance on third-party suppliers for certain components, products, or services; challenges associated with large transactions and long sales cycle; risks that Cellebrite’s customers may fail to honor contractual or payment obligations; risks associated with a significant amount of Cellebrite’s business coming from government customers around the world; risks related to Cellebrite’s intellectual property; security vulnerabilities or defects, including cyber-attacks, information technology system breaches, failures or disruptions; the mishandling or perceived mishandling of sensitive or confidential information; the complex and changing regulatory environments relating to Cellebrite’s operations and solutions; the regulatory constraints to which we are subject; risks associated with different corporate governance requirements applicable to Israeli companies and risks associated with being a foreign private issuer and an emerging growth company; market volatility in the price of Cellebrite’s shares; changing tax laws and regulations; risks associated with joint, ventures, partnerships and strategic initiatives; risks associated with Cellebrite’s significant international operations; risks associated with Cellebrite’s failure to comply with anti-corruption, trade compliance, anti-money-laundering and economic sanctions laws and regulations; risks relating to the adequacy of Cellebrite’s existing systems, processes, policies, procedures, internal controls and personnel for Cellebrite’s current and future operations and reporting needs; and other factors, risks and uncertainties set forth in the section titled “Risk Factors” in Cellebrite’s annual report on form 20-F filed with the SEC on March 29, 2022 and in other documents filed by Cellebrite with the U.S. Securities and Exchange Commission (“SEC”), which are available free of charge at www.sec.gov. You are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made, in this communication or elsewhere. Cellebrite undertakes no obligation to update its forward-looking statements, whether as a result of new information, future developments or otherwise, should circumstances change, except as otherwise required by securities and other applicable laws.

Cellebrite Contacts

Media
Victor Cooper
Public Relations and Corporate Communications Director
Victor.cooper@cellebrite.com
+1 404.804.5910

Investors
Anat Earon-Heilborn
VP Investor Relations
+972 73 394 8440
investors@cellebrite.com

TEL AVIV, Israel, June 30, 2022 (GLOBE NEWSWIRE) — Today ASTERRA released an expansion to its EarthWorks product line that paves the way for improving remote surveillance of critical infrastructure. ASTERRA EarthWorks monitors the actual underground soil moisture near large infrastructure installations that increases risk of failure or catastrophe. Numerous industries are now served by EarthWorks, including dams, levees, roads, rail, mining, and property.

“With the expansion of EarthWorks, the ability now exists to remotely identify areas of high moisture which pose a hazard to assets which could lead to costly and devastating infrastructure failure,” said Elly Perets, chief executive officer of ASTERRA. “The EarthWorks service is a reliable way to monitor infrastructure and to take action that preserves resources and protects people from harm.”

EarthWorks technology sees through pavement and treetops, and is uninhibited by light and weather conditions. The subscription provides access to the ASTERRA customer portal with data and insights. With ongoing monitoring of the underground soil moisture, the costs associated with inspection, maintenance, operations, and engineering are reduced.

The various industries served by EarthWorks each have unique challenges which benefit from ASTERRA’s Earth observation technology. Many dams and levees are beyond their life expectancy. Of the estimated 1.2 million in-stream barriers in Europe, approximately 61,500 of those barriers are dams. In Japan and the United Kingdom, the average age of the dams is over 100 years old, 50 years over their expected life. As a result, these dams are exposed to multiple hazards, including flooding, storm surge, erosion, and damage to controls and gates. EarthWorks improves on visual inspections, highlighting areas for detailed inspection or the placement of remote sensors.

Railway transport is another critical infrastructure targeted with EarthWorks. In the United States alone, there are 630 freight railroads with 148,000 miles of rail lines across all terrains. A major challenge is aging infrastructure existing over large areas of land. Since EarthWorks monitors these areas remotely, the soil moisture data service and insights will increase efficiency and improve the safety, maintenance, and operations of railway infrastructure.

Mining managers will use EarthWorks to ensure mining operations are optimized, hazards are mitigated, and advanced methods for reducing impact on the environment are used. It is effective for developing drilling and production plans, designing haul roads, determining utility routes, monitoring pipelines, safely placing heavy equipment, and to monitor for leakage in cooling ponds, process tanks, and tailing dams.

Those interested to learn more about EarthWorks can view the website as well as attend an informative free webinar on July 27^{t h} by registering online.

ABOUT ASTERRA

ASTERRA (formerly Utilis) provides geospatial data-driven platform solutions for water utilities, government agencies, and the greater infrastructure industry in the areas of roads, rails, dams, and mines. ASTERRA products and services use synthetic aperture radar (SAR) data from satellites and turn this data into large-scale decision support tools. The company’s proprietary algorithms and highly educated scientists and engineers are the keys to their mission, to become humanity’s eyes on the Earth. ASTERRA is investing in artificial intelligence (AI) to bring its products to the next level. Since 2017, ASTERRA technology has been used in over 59 countries, saving over 169,280 million gallons of potable water, reducing carbon dioxide emissions by 108,339 metric tons, and saving 423,200 MWH of energy, all in support of United Nations Sustainable Development Goals. ASTERRA is headquartered in Israel with offices in the United States, United Kingdom, and Japan. Their innovative data solutions are used in multiple verticals around the globe. For more information on ASTERRA and to learn more about their technology, visit https://asterra.io.

Media Contact
Karen Dubey
Corporate Marketing Director
inquiry@asterra.io
(858) 798-6709

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/38dd891b-caf9-499f-995f-91455dd55b48

A video accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c6ec7c10-0953-4b71-8644-0a5bfa31c176

Roseau, June 30, 2022 (GLOBE NEWSWIRE) — The Financial Secretary of the Commonwealth of Dominica had a discussion with the European Union (EU) dignitaries in Brussels, Belgium, on 23 June 23, to discuss Dominica’s journey to becoming the world’s first climate-resilient nation.

Denise Edwards represented the country during the discussions with the European Member of Parliament (MEP) – Stéphane Bijoux, and the new MEP from Martinique Max Orville.

MEP Stéphane Bijoux lauded Dominica’s efforts to become a climate-resilient nation and to promote eco-tourism. He also assured support for the country as it forges ahead with a number of initiatives that will enable it to realise this goal and establish resilient infrastructure to withstand natural catastrophes.

Furthermore, Bijoux asserted, “Climate change is a severe threat that impacts everyone regardless of creed or stature – sadly, Small Island Developing States such as Dominica are bearing the brunt of catastrophic weather patterns. It is our responsibility to partner with developing countries as solidarity is needed in the fight against climate change.”

Dominica has garnered appreciation for promoting as well as encouraging sustainable tourism and preserving its natural assets. The country has been at the frontline of the war against natural disasters, including hurricanes, tropical storms, and cyclones. Additionally, Bijoux mentioned that the country is recovering very well from the global crisis caused by the COVID-19 pandemic.

Dominica has been shattered by various hurricanes and tropical storms, and the country has been building back better after 90 percent of its infrastructure was devastated by Tropical Storm Erika (2015) and Hurricane Maria (2017).

The EU provided €8.9 million in financial assistance under the European Development Fund (EDF) to Dominica at the time Tropical Storm Erika hit the country in 2015. In addition to that, the European Commission’s Civil Protection and Humanitarian Aid department also provided €250,000 in emergency humanitarian aid to Dominica following the severe destruction caused by Hurricane Maria, which devastated the island in 2017.

Further, Dominica has also signed the CARIFORUM-EU Economic Partnership Agreement (EPA), which emphasises development cooperation.

The island nation of Dominica is making the right strides in its quest to become a climate-resilient nation. The construction of its geothermal plant is almost complete.

The plant will enable the country to reduce its reliance on fossil fuels.

In 1992 the United Nations made an urgent call to all countries to tackle climate change amongst other issues and, in 2015 the 17 Sustainable Development Goals (SDGs) were developed.

Dominica is already on its way to achieving six of the 17 SDGs for its nation, these include No Poverty; Good Health and Wellbeing; Affordable and Clean Energy; Industry, Innovation, and Infrastructure; Sustainable Cities and Communities, and Climate Action.

As hurricanes become more frequent and more intense, Dominica and other small islands are seeking new opportunities which lie in decarbonisation and renewable energy technologies to aid more sustainable forms of tourism and digitisation of the economy.

The country, which can be counted among the few nations that can be termed “carbon neutral” is enhancing its resilience agenda by utilising resources on the island to generate energy.

The geothermal plant will ensure that the country is powered by renewable energy, reducing energy costs and carbon emissions while simultaneously creating jobs.

Along with the geothermal plant, the island is ensuring that all infrastructure on the island is developed with sustainability and resilience in mind – all buildings from homes to hospitals, are built to withstand weather disasters.

Dominica’s tourism sector is also witnessing a green revitalisation, thanks to the introduction and construction of boutique environmentally sensitive villas and resorts.

As the country moves towards complete climate resilience, visitors can be confident that their trip helps preserve and boost the environment. Those who fall in love with the country can be pleased to know that they can make it their ideal second home.

PR Dominica
Commonwealth of Dominica
001 (767) 266 3919
cbiusecretary@dominica.gov.dm

• Massive expansion includes a complete suite of maintenance and modification capabilities with enhanced full-service interior finishing capacity, including a brand-new environmentally-controlled paint facility and 24/7 parts depot
• Additional features include essential amenities such as exceptional customer office and lounge facilities and ground handling services
• With sustainability at its core, the new LEED Silver certified facility includes new solar panel installations, electric vehicle charging and Sustainable Aviation Fuel (SAF) availability

SINGAPORE, June 30, 2022 (GLOBE NEWSWIRE) — Bombardier today announced the grand opening of its newly transformed Singapore Service Centre, the largest OEM business aviation maintenance facility in Asia Pacific. A key jewel of the next major investments in Bombardier’s growing worldwide customer service footprint, the newly expanded facility features substantially enhanced service capabilities for its growing fleet of Learjet, Challenger and Global aircraft operators. The facility will also accommodate Bombardier’s newly launched Global 8000 business jet when it enters into service in 2025.

Located at the growing Seletar Aerospace Park, the Singapore Service Centre, which opened in 2014, has more than quadrupled its current footprint from 70,000 sq. ft. (6,500 m²) to approximately 290,000 sq. ft. (27,000 m²). The massive expansion introduces exceptional new customer facilities for business jet operators, including a full-service, environmentally-controlled paint facility, advanced interior finishing capabilities, with key support functions, such as engineering, sales and customer support and an expanded portfolio of component, repair and overhaul (CR&O) services. This also includes the option for Global aircraft customers to lease BR710 engines from Rolls Royce stored on site, significantly reducing downtime and costs.

The expansion also adds sought-after new heavy structural and composite repair capabilities as well as an integrated parts depot that will serve the site and the region, adding more than US$15 million in additional parts inventory. The expanded Singapore Service Centre is expected to support more than 2,000 business jet visits annually.

“With this major expansion, the Singapore Service Centre will provide infinite benefits, including quicker aircraft turnarounds, greater convenience and peace of mind to Bombardier’s growing customer base in Asia,” said Jean-Christophe Gallagher, Executive Vice President, Services and Support, and Corporate Strategy, Bombardier. “Customers can also enjoy access to the complete range of OEM customer service and support at their doorstep. This is truly a special day for Bombardier and our growing aftermarket network.”

Bombardier’s steadfast commitment to an environmentally respectful approach to its design and project development is an essential part of the newly transformed Singapore Service Centre. Bombardier has installed solar panels on the facility’s roofs as well as its carpark structures to reduce energy consumption, which translates to 15% of the site’s annual electricity demand.

Other important green initiatives include the use of building management systems, insulation, LED lighting, low flow plumbing fixtures and automated water reticulation for improved water conservation and enhanced energy efficiency. The building design also achieved Singapore’s Green Mark Gold and the U.S. Green Building Council (USGBC) Silver LEED Green Building certifications. And while the reduction in energy, water and material resource usage reduces environmental impact, it also enhances indoor environmental quality for better health and well-being of customers and employees while delivering highly efficient, responsible operations.

Bombardier has also received its first batch of Sustainable Aviation Fuel (SAF) from its partner, Shell Aviation, offering business aviation operators an environmentally-friendly fuel option at Seletar Airport – building on Bombardier’s commitment reduce the environmental footprint of business aviation worldwide.

This impressive expansion also highlights the addition of Jetex’s world-class FBO and ground handling system at the facility. This outstanding FBO provides operators and passengers with seamless service from arrival to departure as part of Bombardier’s commitment to offering an exceptional customer experience.

The development of the Singapore Service Centre is a shining example of how Bombardier is enhancing the accessibility of its OEM expertise for customers worldwide and redefining its position as a leader in aftermarket services in Asia Pacific, a pivotal part of its growing global network. Other important expansions include new service facilities at Miami-Opa Locka Executive Airport and in Melbourne, Australia; expanded service capabilities at the London Service Centre at Biggin Hill airport; the continued development of a service facility in Berlin, Germany; and new products and services for customers, including important innovations in Bombardier’s customer service digital transformation.

The Singapore Service Centre currently employs more than 200 staff, including more than 160 licensed engineers and technicians and is in process of adding more than 50 additional staff. Bombardier also recently introduced a new apprenticeship program in Singapore to ensure a strong grassroots aerospace pipeline is firmly in place, training the engineering professionals of tomorrow.

The expansion of the Singapore Service Centre illustrates Bombardier’s comprehensive global customer service commitment to provide the best customer service experience in business aviation today.

About Bombardier
Bombardier is a global leader in aviation, focused on designing, manufacturing, and servicing the world’s most exceptional business jets. Bombardier’s Challenger and Global aircraft families are renowned for their cutting-edge innovation, cabin design, performance, and reliability. Bombardier has a worldwide fleet of approximately 5,000 aircraft in service with a wide variety of multinational corporations, charter and fractional ownership providers, governments, and private individuals. Bombardier aircraft are also trusted around the world in special-mission roles.

Headquartered in Montréal, Québec, Bombardier operates aerostructure, assembly and completion facilities in Canada, the United States and Mexico. The company’s robust customer support network includes facilities in strategic locations in the United States and Canada, as well as in the United Kingdom, Germany, France, Switzerland, Italy, Austria, the UAE, Singapore, China, and an Australian facility opening in 2022.

For corporate news and information, including Bombardier’s Environmental, Social and Governance report, visit bombardier.com. Learn more about Bombardier’s industry-leading products and customer service network at businessaircraft.bombardier.com. Follow us on Twitter @Bombardier.

Bombardier, Learjet, Challenger, Global and Global 8000 are registered or unregistered trademarks of Bombardier Inc. or its subsidiaries.

For information
Matthew Nicholls
Bombardier
+1 514-243-8214
Matthew.Nicholls@aero.bombardier.com

Visuals of the expanded Singapore Service Centre are available here.

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•The Global Center on Adaptation (GCA) launches the first international award to spotlight and reward locally led efforts to address climate change and build resilience among vulnerable communities. •Applications for the 2022 Local Adaptation Champions (LAC) Awards are open until 10th July. •Four winners in four categories will receive their prizes from a high-level Jury during COP 27 in Sharm el-Sheikh, Egypt, in November.

Rotterdam, the Netherlands, June 30, 2022 (GLOBE NEWSWIRE) — The Global Center on Adaptation (GCA) today launched the first international Local Adaptation Champions Awards to spotlight and reward locally led adaptation initiatives.

International climate and development funding often fails to reach the local level. This is especially harmful for people living in poverty. Climate change is expected to push more than 130 million people into extreme poverty by 2030, making the situation increasingly challenging over time. These awards aim to reach local communities who are aware of solutions to adapt to the impacts of climate change, but lack the resources and power to scale such solutions up or implement them effectively.

“As the only international organization dedicated to adaptation solutions for a climate resilient future, we witness how people and communities on the frontlines of climate change are often the most active and innovative in developing adaptation solutions,” explains Professor Patrick Verkooijen, CEO of the Global Center on Adaptation. “Our hope is that these Awards will help put communities and local actors at the center of decision-making and funding for climate adaptation.”

Four winners in four separate categories –leadership; knowledge and capacity; local innovation and financial governance­ and will be selected by a prestigious jury.

The winners will be awarded €15,000 each at an award ceremony to be held during COP 27 in Sharm El-Sheikh, Egypt, in November 2022. Applications are open until 10^th July 2022.

For more information about the awards and to apply please go to www.gca.org/llachampions

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Notes to Editors

About the Global Center on Adaptation

The Global Center on Adaptation (GCA) is an international organization which works as a solutions broker to accelerate action and support for adaptation solutions, from the international to the local, in partnership with the public and private sector. Founded in 2018, GCA operates from its headquarters in the largest floating office in the world, located in Rotterdam, the Netherlands. GCA has a worldwide network of regional offices in Abidjan, Cote d’Ivoire; Dhaka, Bangladesh and Beijing, China.

Contact

For inquiries about the awards please contact:

Anju Sharma

Lead, Locally Led Adaptation

Anju.sharma@gca.org

Attachments

• Apply online
• Win now

Anju Sharma
Global Center on Adaptation
Anju.sharma@gca.org

VICTOR, N.Y., June 29, 2022 (GLOBE NEWSWIRE) — Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, announced today that its indirect, wholly-owned subsidiary, Greenstar Canada Investment Limited Partnership (“Greenstar”), has entered into an exchange agreement (the “Exchange Agreement”) with Canopy Growth Corporation (“Canopy”), pursuant to which Greenstar has agreed to sell an aggregate of C$100,000,000 principal amount of outstanding 4.25% senior notes due 2023 (“Notes”) to Canopy in consideration for common shares (“Common Shares”) in the capital of Canopy (other than in respect of accrued but unpaid interest which will be paid in cash). The transaction forms part of an exchange by Canopy of an aggregate of approximately C$255,373,000 principal amount of Notes held by certain holders, including Greenstar (together, the “Exchanging Holders”) into Common Shares.

The number of Common Shares issuable to Greenstar will be calculated based on the volume-weighted average trading price of the Common Shares on the Nasdaq for a 10-day period beginning on and including June 30, 2022 (the “Exchange Price”), provided that the Exchange Price will not be less than US$2.50 (the “Floor Price”) or more than US$3.50, being the closing price of the Common Shares on the Nasdaq on June 29, 2022 (the “Market Price”). As the Exchange Price is not yet known, the actual number of Common Shares issuable to Greenstar pursuant to the Exchange Agreement is not yet known. Assuming the Floor Price and current exchange rates, Greenstar would receive an aggregate of 30,701,880 Common Shares, representing approximately 7.6% of the currently issued and outstanding Common Shares. Assuming the Market Price and current exchange rates, Greenstar would receive an aggregate of 21,929,914 Common Shares, representing approximately 5.4% of the currently issued outstanding Common Shares. The actual number of Common Shares to be issued will vary depending on the finally determined Exchange Price, but will not be less than the Floor Price or more than the Market Price.

Prior to Canopy entering into a second supplemental indenture amending the terms of the Notes that was effected on June 29, 2022 (the “Second Supplement”), the C$200,000,000 principal amount of Notes held by Greenstar were convertible in certain circumstances and subject to certain conditions into an aggregate of 4,151,540 Common Shares. Pursuant to the Second Supplement, Canopy irrevocably surrendered its right to settle the conversion of any Note by the issuance of Common Shares or a combination of cash and Common Shares. As a result, the conversion of any Note will now be settled in cash. Accordingly, Greenstar no longer has beneficial ownership of any Common Shares as a result of its ownership of any Notes, including in respect of its remaining C$100,000,000 aggregate principal amount of Notes not subject to the Exchange Agreement.

Prior to the Second Supplement and entering the Exchange Agreement, Greenstar, individually, held 37,753,802 Common Shares, no warrants and C$200,000,000 principal amount of Notes. The Common Shares held by Greenstar represented approximately 9.4% of the issued and outstanding Common Shares. Prior to the Second Supplement and entering the Exchange Agreement, subsidiaries of Constellation Brands held an aggregate of 142,253,802 Common Shares, 139,745,453 warrants and C$200,000,000 principal amount of Notes, representing approximately 35.3% of the issued and outstanding Common Shares and, assuming full exercise of the warrants and the conversion of the Notes held by these entities, would have held approximately 52.3% of the then issued and outstanding Common Shares.

As a result of the Second Supplement and upon completion of the exchange contemplated by the Exchange Agreement, and the issuance of additional Common Shares to all other Exchanging Holders, Greenstar, individually, would hold 68,455,682 Common Shares (representing approximately 14.2% of the then issued and outstanding Common Shares) if the Exchange Price equals the Floor Price and 59,683,716 Common Shares (representing approximately 13.0% of the then issued and outstanding Common Shares) if the Exchange Price equals the Market Price. Greenstar itself would hold C$100,000,000 principal amount of Notes and no warrants.

As a result of the Second Supplement and following completion of the exchange contemplated by the Exchange Agreement and the issuance of additional Common Shares to all other Exchanging Holders, subsidiaries of Constellation Brands would hold 172,955,682 Common Shares (representing approximately 35.9% of the then issued and outstanding Common Shares) if the Exchange Price equals the Floor Price and 164,183,716 Common Shares (representing approximately 35.8% of the then issued and outstanding Common Shares) if the Exchange Price equals the Market Price, 139,745,453 warrants, and C$100,000,000 aggregate principal amount of Notes. Assuming full exercise of the warrants held by these subsidiaries and the transactions noted above, subsidiaries of Constellation Brands would hold 312,701,135 Common Shares, (representing approximately 50.3% of the then issued and outstanding Common Shares) if the Exchange Price equals the Floor Price or 303,929,169 Common Shares, (representing approximately 50.7% of the then issued and outstanding Common Shares) if the Exchange Price equals the Market Price, in each case assuming no other changes in Canopy’s issued and outstanding Common Shares.

Constellation Brands may from time to time acquire or dispose of Common Shares or other securities of Canopy or exercise its warrants in the future, either on the open market or in private transactions, in each case, depending on a number of factors, including general market and economic conditions and other available investment opportunities. Depending on market conditions, general economic and industry conditions, Canopy’s business and financial condition and/or other relevant factors, Constellation Brands may develop other plans or intentions in the future.

A copy of the early warning report filed in connection with this press release will be available on Canopy’s profile on SEDAR at www.sedar.com or may be obtained by contacting Constellation Brands’ Investor Center at 1-888-922-2150.

FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements. All statements other than statements of historical fact are forward-looking statements. The words “expect,” “intend,” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These statements may relate to business strategy, future operations, prospects, plans, and objectives of management, as well as information concerning expected actions of third parties. All forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those set forth in, or implied by, such forward-looking statements.

The forward-looking statements are based on management’s current expectations and should not be construed in any manner as a guarantee that such actions will in fact occur or will occur on the timetable contemplated hereby. All forward-looking statements speak only as of the date of this news release and Constellation Brands undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

In addition to risks and uncertainties associated with ordinary business operations, the forward-looking statements contained in this news release are subject to other risks and uncertainties, including other factors and uncertainties disclosed from time-to-time in Constellation Brands’ filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended February 28, 2022, which could cause actual future performance to differ from current expectations.

ABOUT CONSTELLATION BRANDS
At Constellation Brands (NYSE: STZ and STZ.B), our mission is to build brands that people love because we believe sharing a toast, unwinding after a day, celebrating milestones, and helping people connect, are Worth Reaching For. It’s worth our dedication, hard work, and the bold calculated risks we take to deliver more for our consumers, trade partners, shareholders, and communities in which we live and work. It’s what has made us one of the fastest-growing large CPG companies in the U.S. at retail, and it drives our pursuit to deliver what’s next.

Today, we are a leading international producer and marketer of beer, wine, and spirits with operations in the U.S., Mexico, New Zealand, and Italy. Every day, people reach for our high-end, iconic imported beer brands such as Corona Extra, Corona Light, Corona Premier, Modelo Especial, Modelo Negra, and Pacifico, our fine wine and craft spirits brands, including The Prisoner Wine Company, Robert Mondavi Winery, Casa Noble Tequila, and High West Whiskey, and our premium wine brands such as Meiomi and Kim Crawford.

But we won’t stop here. Our visionary leadership team and passionate employees from barrel room to boardroom are reaching for the next level, to explore the boundaries of the beverage alcohol industry and beyond. Join us in discovering what’s Worth Reaching For.

To learn more, visit www.cbrands.com and follow us on Twitter, Instagram, and LinkedIn.

MEDIA CONTACTS	INVESTOR RELATIONS CONTACTS
Mike McGrew 773-251-4934 / michael.mcgrew@cbrands.com Amy Martin 585-678-7141 / amy.martin@cbrands.com	Joseph Suarez 771-551-4397 / joseph.suarez@cbrands.com

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